The Insurance Council of Australia (ICA) has urged the next Victorian Government to take action on rising crime and bushfire risks. This call from the organisation came after new national property crime data showed the state recording the highest rates of car theft and home burglary insurance claims in the country. More than 12,300 car theft and break-in claims were lodged in Victoria in 2025 to 2026, costing insurers A$244m ($176m). The ICA noted that every other state and territory recorded a decline over the same period.
The pay-out of Health Maintenance Organisations (HMOs) in the Philippines reached PHP41.23bn ($711m) in total benefits and claims in the first half of 2026, marking a 13.62% increase from PHP36.29bn in the same period last year. This, according to Manila's Insurance Commission (IC), reflects increased utilisation of healthcare services. Data from the IC also show that despite the higher payouts, the HMO industry maintained a strong financial position, supported by rising revenues and membership fee collections.
At the 30th Insurance Management Development Programme (IMDP), held at the Thai General Insurance Association, Office of Insurance Commission (OIC) Secretary-General Chuchat Pramoonpol delivered a special lecture, titled 'The Direction of Regulation and Promotion of the Thai Non-Life Insurance Business'.
Willis, a WTW business, has appointed Mr Trevor Madden as Head of Captive and Insurance Management Solutions for APAC, effective 1 November 2026.
The Thai government has approved a THB15.5bn ($467m) annual programme, to provide government-funded disaster insurance to around 30m households in high-risk areas against floods, storms and earthquakes under a new scheme.
The government has injected additional funds into state owned insurers and banks to ease solvency pressures and fulfill regulatory demands.
New Zealand's Financial Markets Authority (FMA) Chair Mr James Miller has advised that Chief Executive Ms Samantha Barrass, has confirmed to the board her earlier decision that she does not seek a renewal of her term when it expires in January 2027.
The Board of Directors of the Financial Regulatory Authority (FRA) has issued a decision to abolish the requirement that obligates insurance and reinsurance brokerage firms to open at least two branches within three years of launching operations as a licensing prerequisite.
China has set in motion an exercise to overhaul the country's insurance law and also strengthen the insurance regulations. The National Financial Regulatory Administration (NFRA) released a draft revision of the country's Insurance Law for public consultation on 4 September 2026.
The National Insurance Commission (NAICOM) has released a five-year reform programme to lift Nigeria's insurance penetration and expand coverage to 25m Nigerians.